Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career, a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.The Bank Compliance Department is charged with oversight and coordination of the Compliance program for the U.S. Banks (Morgan Stanley Bank, N.A. and Morgan Stanley Private Bank, National Association). The candidate will join the department as a member of the Compliance Risk Framework Team and will report to the Vice President, Change Management Officer.The candidate's duties will include:Managing New Product Approval (NPA) governance for Bank Compliance and establishing and maintaining the Change Management Quality Assurance plan for the second line of defense Change Management Office.This role will require in office attendance 3 days/week.Primary Responsibilities:NPA Governance:Manage the Bank Compliance NPA process, working with Bank Compliance NPA quorum members on policy standards and procedural actions, and changes to checklists, forms, processes at the Firm or divisional levels (e.g., Institutional Securities Group, Wealth Management, Investment Management, etc.)Develop, implement, and maintain the content of the U.S. Banks Supplement to the Global NPA Policy and a Bank Compliance NPA ProcedureLiaise with the first line of defense NPA team obtaining status reports and other tracking of New Product Approval evaluations for presentation at the NPA Committee and as applicable upstream governance committees (e.g., MSPBNA and MSBNA Compliance Committees, U.S. Banks Risk Committee, etc.)Work with other Firm NPA teams to understand impact(s) to the U.S. Banks as interested parties in change proposals presented outside of the BankInteract with Global Compliance on changes to the Global Compliance Policy and the Global NPA Policy with impact to U.S. Banks policies supplements or directionally in reverseInteract with Global Compliance on changes to the Global NPA Compliance Checklist and Heightened Risk Assessment Form with impact to U.S. Banks NPA Compliance Checklists including the U.S. Banks NPA Supplemental Checklist and the U.S. Banks Heightened Risk Assessment ForPerform quality assurance reviews of Bank Compliance submissions of U.S. Banks NPA Compliance Checklists including the U.S. Banks NPA Supplemental Checklist for completeness, accuracy, and consistency with policies and procedures, interacting with the first line of defense NPA team and the Global Compliance NPA quality assurance teamRepresent Bank Compliance at Global Compliance NPA meetingsQuality Assurance:Develop, implement, and maintain a Change Management Office quality assurance plan, including review test scripts/steps, documentation archivalPerform quality assurance activities resulting from Change Management Program, Program Management, and business unit change proposals as applicableDevelop quality assurance metrics for reporting purposes and report metrics to requisite governance committeesEscalate major concerns and issues to the Head of Compliance Risk Framework and the U.S. Banks Chief Compliance Officer and open self-identified issues in the Issues Management system, tagging issues and corrective actions to applicable ownersWork closely with the second line of defense Change Management Officer on Change Management Program, Program Management tiering, and NPA inventory, prioritization7-10 years of new product approval governance, quality assurance plans/processes, compliance and/or regulatory experience, with knowledge of the financial service industry, regulatory requirements, and experience in analyzing business risk and best practices.Familiarity with retail consumer and institutional products, funding, hedging, and accounting treatment, digital platforms, marketing promotions (e.g., residential mortgage origination, servicing, and purchasing, checking and savings accounts, securities-based loans, cash flow hedging, FASB accounting treatments, derivatives, warehouse line financing, commercial real estate)Familiarity with retail banking-related regulations institutional regulations (e.g., derivatives) and regulations affecting swap dealers.Excellent written communication skills particularly when drafting communications regarding regulatory changes.Highly organized and detail-oriented with strong analytical and project management skills.Ability to remain flexible and manage competing priorities under demanding deadlines.Strong interpersonal and teamwork skills, as well as excellent oral and written communication skills.Strong technical skills required to create and maintain reporting and project management tools (e.g., Access, Tableau, Visio, SharePoint, Excel, JIRA, etc.).Strong sense of ownership and urgency regarding work product.Bachelor's degree in Business, Finance, Risk Management and/or a similar analytical- quantitative area of study.Expected base pay rates for the role will be between 110000 and 190000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
